Air freight consolidation exercise (20 Marks)

You are the Air Export Coordinator for Jordens Freight Inc. (Frt. Forwarder),896 Matheson Blvd , Mississauga. You have the following 3 shipments to be consolidated to Frankfurt Germany. Work out the profit or loss made from this consol. assuming a profit split of 50/50 between origin & destination agent.

IATA units of measurements conversion: 1kg=6,000 cm3

1kg=366 in3

(Rate payable by customer) Airfreight Selling Rate in US$	(Rate Payable to the carrier) Airfreight Buying Rate in US$. (LH)
Minimum Charge:	$75.00	Minimum Charge	$50.00
-45 kgs.	$8.00/kg.	-45 kgs	$7.00/kg.
+45 kgs	$6.00/kg	+45kgs	$5.00/kg.
+100kgs	$4.50/kg.	+100 kgs.	$3.80/kg
+250kgs.	$4.00/kg.	+250 kgs.	$3.40/kg
+500kgs	$3.25/kg.	+500 kgs.	$2.75/kg.
+1000kgs.	$2.85/kg.	+ 1000 kgs.	$2.25/kg.

1) Shipper#1:Ellesmere Eng.Ltd, Markham (4 Marks)

Consignee:Mathias Rust & Partners, Dortmund, Germany.

Freight:3 Crates - Weight.187.3 Kgs/Crate

Dimensions:48"x40"x42"

Commodity:Building Models

Actual Gross Weight: _________________________

Volume Weight:______________________________________

Chargeable Weight:______________________

Freight Amount:_______________________________

2) Shipper #2:Canadian Snow Equipments, Milton (4 Marks)

Consignee:Deutschland North Trg. Co,Munich,Germany.

Freight:4 Wooden Boxes-Weight :94.6kgs/box,

Dimensions:.43" x 52" x 24".

Commodity:Snow Gear

Actual Gross Weight: _________________________

Volume Weight:______________________________________

Chargeable weight :__________________________

Freight Amount:_________________________________

3) Shipper:Maple Exports Ltd, Mississauga. (4 Marks)

Consignee:Angela Import Gmbh, Frankfurt, Germany.

Freight:5 Crates - Weight.146.8 Kgs/crate,

Dimensions: 122.5 x 115.5 x 92.3 cm

Commodity:Artwork

Actual Gross Weight: __________________________

Volume Weight: ______________________________________

Chargeable weight: _________________________

FreightAmount: ____________________________

Consolidation (6 Marks)
Items	No of Pieces	Actual Gross Weight	Volume Weight	Chargeable Weight	Total Money to be Collected	Freight Payable LH
Shipment 1
Shipment 2
Shipment 3
Total

Profit made = Freight Collected/To be collected(A) - Freight payable to the carrier(B) = ________________=________ (1 Mark)

Profit share of each party =_________________________________________________________________________ (1 Mark)